Mangement Ch8

. Which of the following is NOT one of Porter's competitive forces?

Bargaining power of stockholders

The BCG matrix organizes along which of the following dimensions?

Business growth rate and market share

When Coca-Cola introduced Surge, a new citrus soft-drink, what type of strategy was being pursued?

Business-level strategy

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Cash cow

People need to understand how their individual actions can contribute to achieving an organizational strategy. This can be accomplished by delegating authority, creating teams, and defining roles. These actions are part of which tool for putting strategy into action?

Clear roles and accountability

Which of the following is a business activity that an organization does especially well relative to its competition?

Core competence

Which of the following pertains to the organization as a whole?

Corporate-level strategy

The human resource department at Paula's Powerwheels is implementing a number of functional level strategies. These strategies include focusing on ways to retain and develop a stable work force and ways to improve efficiency in the organization. These functional-level strategies are consistent with which of the following strategies?

Cost leadership

Which of the following strategies involve an attempt to distinguish the firm's products or services from others in the industry?

Differentiation

Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?

Differentiation

Which of the following is NOT one of the tools used for putting strategy into action?

Diversification

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

Dog

Which of the following lists the strategic management process in proper order?

Evaluate current mission/goals; Perform SWOT analysis; Define new mission/goals; Formulate strategy; Execute strategy.

Which of the following strategies would be appropriate when the need for both national responsiveness and global integration is low?

Export

General Products Inc. is a small clothing designer and manufacturer located in the United States. A vast majority of the company's revenues comes from U.S. sales, although about ten percent of the company's revenue come from sales to Canada. General Products Inc. can best be described as using which global corporate strategy?

Export strategy

_____ level strategy pertains to the major functional departments within the business unit.

Functional

Which of these questions is central to a functional-level strategy?

How do we support our chosen strategy?

Which of these is true about the cash cow?

It has a large market share in a slow growth industry.

Which of these is true about the dog division?

It has a small share of a slow growth market.

Persuasion, motivation, and changes in cultures and values are examples of which of the dimensions used to implement strategy?

Leadership

Sherri has been asked to participate on a cross-functional task force that is charged with performing an audit checklist for her advertising firm. The task force will analyze organizational strengths and weaknesses as they apply to the firm. Sherri's task is to analyze management quality, staff quality, degree of centralization, and organizational charts. This level of analysis pertains to which area of the audit?

Management and organization

_____ refers to the modification of product design and advertising strategies to suit the specific needs of individual countries.

Multidomestic strategy

Semway, a regional bank, recently announced that it would soon begin offering financial planning services. This is an example of which of these?

Related diversification

Which of the following strategies refers to moving into a new business that is related to the company's existing business activities?

Related diversification

Where does the information about opportunities and threats comes from?

Scanning the external environments

What type of organizational unit has a unique business mission, product line, competitors, and markets relative to other units in the same corporation?

Strategic business unit

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

Strategic management

18. _____ refers to the use of managerial tools to direct resources toward the achievement of strategic goals.

Strategy execution

Which of the following refers to the planning and decision making that lead to the establishment of the organization's goals and of a specific strategic plan?

Strategy formulation

Globalization Strategy

Think Global Act Global

Transnational Strategy

Think Global act local

Multi domestic Strategy

Think Local Act- Local

FLY Industries is a global conglomerate company headquartered in the United States that does business in over fifty countries. The company seeks to balance global efficiencies and local responsiveness by hiring locally as well as from home. It can best be described as using which global corporate strategy?

Transnational strategy

Which of the following refers to a strategy that combines global coordination to attain efficiency with flexibility to meet specific needs in various countries?

Transnational strategy

When an organization expands into a totally new line of business, it is implementing a strategy of:

Unrelated diversification

Janessa is the CEO of a privately-held software company. In defining corporate-level strategies, which of the following questions would she most likely be concerned with?

What business are we in?

. Double Click, Inc. has a number of strategic business units. Their hand-held computer unit has a large market share in this rapidly growing industry. Their hand-held computer business would be classified as:

a star

Techniques used to monitor external environments include:

all of these

Ford's decision to completely redesign its Ford Taurus can be classified as a:

business level strategy.

Decisions regarding the proper amount of advertising for a particular good or service are related to:

business-level strategies.

When AT&T decided to buy Media One, a cable company, it was pursuing a(n) _____ strategy.

corporate-level

8. When Philip-Morris, the tobacco giant, bought Kraft, Inc., it was pursuing a _____.

corporate-level strategy

Sears' decision to sell off much of its financial services division is an example of a:

corporate-level strategy

The _____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

cost leadership

To remain competitive, companies should develop strategies that focus on core competencies, providing synergy, and creating value for _____.

customers

All of the following are Porter's competitive forces except:

differentiation

The purpose of _____ is to expand the firm's business operations to produce new kinds of valuable products and services?

diversification

Paramount, Inc. is particularly concerned about pending legislation in Congress that would further regulate their organization. This legislation would be classified as a(n) _____.

external threat

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using a(n) _____ strategy.

focus

With a(n) _____ strategy, the organization concentrates on a specific regional market or buyer group.

focus

If ABC International has standardized its product line throughout the world it is pursuing a:

globalization strategy.

The assumption that a single global market exists would lead to a:

globalization strategy.

The _____ function recruits selects, trains, transfers, promotes, and lays off employees to achieve strategic goals.

human resource

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as a(n) _____.

internal strength

The star has a:

large market share in a rapidly growing industry

How business units and product lines fit together in a logical way is the essence of:

portfolio strategy.

Gillette operates numerous strategic business units. Most of its units in the personal care division have low market share but high business growth. These units are classified as _____.

question marks

Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will:

search for the strengths, weaknesses, opportunities, and threats that impact his firm.

The question mark has a:

small market share in a rapidly growing industry.

Gatekeep Utilities is a subsidiary of GW Enterprises. Gatekeep has a mission and product line that is unique from GW. Gatekeep's competitors are also very different from those of its parent, and the subsidiary markets to a very different group of customers. As such, Gatekeep can be described as a(n) _____.

strategic business unit

Some people argue that _____ is the most difficult and most important part of strategic management.

strategic execution

After Sunshine Systems merged with RTD Enterprises, company executives noticed that due to increased employee collaboration between the two units, costs were down and revenues increased within both areas. This is an example of what business phenomenon?

synergy

When properly managed, _____ can create additional value with existing resources, providing a big boost to the bottom line.

synergy

. The condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone is known as:

synergy.

_____ can be defined as the combination of benefits received and costs paid by the customer.

value

A corporate-level strategy is concerned with the question:

what business are we in?